Market Overview. Market Profile. Import Market
|
|
- Evelyn Lindsey
- 8 years ago
- Views:
Transcription
1 Market Overview Vietnam represents a potentially huge medical device market, with a population of 81 million and a steady GDP growth of 7 percent annually. However, the country s stock of medical equipment remains small and poorly utilized. Much of the country's healthcare infrastructure dates from colonial times and is in dire need of modernization. Recognizing the important role of public healthcare in the country s social-economic development, the government has increased funding to improve the sector. Since the 1990s, opportunities have emerged for foreign suppliers of medical equipment in this market owing to economic growth and more open governmental policies towards private sector participation. The more open attitude to the rest of the world has made Vietnam much more accessible to overseas suppliers. Since the U.S. Vietnam Bilateral Trade Agreement (BTA) was implemented in 2001, economic links between the two countries have strengthened, producing a rise in U.S. imports of medical devices and equipment. According to industry estimates, the market for medical equipment is worth USD $190 million and is growing by 10 percent each year. Since local production is small, the market relies entirely on imports. Top foreign suppliers include Germany, Japan and the United States, each having about 30 percent of the market. With a strong reputation for high quality and reliability, U.S. medical equipment is well received by the Vietnamese market. The best sales prospects for U.S. manufacturers of medical equipment are imaging diagnostic equipment (i.e., X-ray, CT Scanner, Color Ultrasound, M.R.I.), laboratory equipment, operating theaters and sterilizing equipment, patient monitoring equipment and emergency equipment. Market Profile According to the Vietnam Ministry of Health (MOH), the health care system consists of 13,051 facilities with 185,759 beds. These hospitals are generally overcrowded with a bed utilization rate of 15 per 10,000 inhabitants. A recent survey reveals that half of the existing medical equipment in Vietnam is obsolete, needing to be replaced. Many hospitals are short of specialized medical equipment, presenting problems for both patients and physicians. As non-profit organizations, public hospitals in Vietnam are unable to earn the money necessary to upgrade their facilities and equipment. Budget allocations from the government and international aid groups are the main sources of income for Vietnamese hospitals, but they do not cover system demands. By comparison, the average budget expenditure for healthcare is USD $5 per capita in Vietnam, USD $8 in Laos, USD $7 in Indonesia, USD $44 in Thailand, and USD $63 in Malaysia. Import Market According to industry estimates, the market for medical equipment is worth USD $190 million, and is poised to grow at an average rate of 10 percent each year. Since local production is small, the market relies primarily on imports. Germany and Japan are key suppliers, each accounting for 30 percent of the market. U.S. products also account for 30 percent of the market and are growing at 10 percent per year. Imports from the U.S. in 2005 are expected to reach USD $48 million. Vietnam also imports medical equipment from France, Italy, Korea, and Taiwan.
2 The best sales prospects of medical equipment in Vietnam are imaging diagnostic equipment (e.g. X-ray, CT Scanner, Color Ultrasound, M.R.I.), laboratory equipment, operating theaters and sterilizing equipment, patient monitoring equipment and emergency equipment. Competition Domestic Production Presently, 15 local manufacturers make 560 products officially licensed by the MOH. Sophisticated medical equipment is not developed in Vietnam. Local manufacturers make small-scale products limited to the following products: namely, plastic gloves, bandages, drips, compresses, clothes, masks, syringes and injection needles, sewing thread, surgery sutures, biomedical polymer membranes for burn therapy, lead rubber, barite powder and hospital furniture. In order to meet the strong demand for medical equipment, a national policy has been devised to modernize the industry by This policy sets specific targets for the development and purchase of medical equipment, as well as modernization of research facilities. In particular, the recently issued Decision 18/2005/QD-TTg requires that local production of medical equipment meet 40 percent of the medical sector s demands by 2005, and 60 percent by According to industry experts, these stated targets are too ambitious. The reality is that the Vietnamese medical market will rely on imports of high-end equipment through To date, Vietnam has not attracted significant foreign investment in the manufacture of medical equipment for domestic consumption. There are a few joint-venture companies operating here: namely, SHIMADZU Vietnam (Japan) assembling X-Ray machines, ultrasound apparatus, hightension cables and ultrasound probes; B. Braun (Germany) manufacturing intravenous infusion sets; VIKIMCO (Korea); and VINAHANKOOK (Korea) producing disposable syringes. Third Country Imports The Vietnamese medical equipment market is competitive, with international suppliers from Germany, France, Italy, the United States, Japan, Korea, Spain, Switzerland, Taiwan, and China. The key third country suppliers are Germany and Japan, each of which account for one-third of the market. German suppliers enjoy market incumbency and a reputation for high-end, durable and precise equipment. Siemens medical equipment is used in many hospitals, and end-users praise their technical expertise, customer support, and after-sales-service. Japanese companies have established a firm position in the market. Their competitive edge is attributed to affordable pricing and customized products and services. Official Development Assistance (ODA) plays an important role in assisting Japanese exporters offer soft financing to the Vietnamese. Similarly, the Japanese International Cooperation Agency (JICA) is active in supporting and promoting Japanese-made medical products to large hospitals such as Cho Ray in Ho Chi Minh City and Bach Mai in Hanoi. As a consequence, Shimadzu, Toshiba, and Aloka
3 equipment sales are the market s top suppliers. Nonetheless, end-users criticize Japanese suppliers for providing insufficient training and charging high fees for repair and replacement. While France, Netherlands, Italy, Spain, Korea, and China supply the market, their sales in Vietnam are slumping because the Vietnamese prefer products made in the United States, Germany and Japan. U.S. Market Position The Vietnamese healthcare system is familiar with U.S.-made medical equipment and recognizes its superior quality. Soon after the U.S. trade embargo was lifted in 1994, local distributors and end-users shifted to U.S. suppliers. As a consequence, U.S. sales of medical equipment have been steadily increasing by 10 percent per year. U.S. companies have their own distinct advantages in quality, advanced technology and brand recognition. Many end-users have acknowledged that U.S.-made equipment would be their first choice if their purchasing budget were adequate. Unfortunately, Vietnamese healthcare providers find that U.S. products tend to be priced percent higher than those of their competitors. Since most purchasers are under strict budget restraints, they are price-sensitive and sometimes sacrifice quality for quantity, particularly with state-managed hospitals. To be more competitive, U.S. companies should consider U.S. Government trade financing support. The U.S. Export - Import Bank and the U.S. Small Business Administration help U.S. exporters access export working capital and provide foreign buyers with direct loans and guarantees of commercial bank loans. These U.S. Government agencies may be instrumental in facilitating deals with creditworthy Vietnamese state-owned or private health care institutions. End-User Analysis Buyers of medical equipment can be grouped into four categories: 1. Government-funded hospitals, clinics, and health care centers purchase the largest quantity of medical equipment. With financial support from the government, they tend to look for advanced and brand name equipment. 2. Wholly foreign-owned and joint-venture hospitals, clinics, and health-care centers are big buyers, but they generally procure directly from their sponsoring country; 3. There are 26 local private hospitals nationwide that are keen to upgrade to advanced equipment; and 4. There are five medical education and research institutions that are open to experimenting with new, innovative methods and systems. These end-users present an excellent opportunity to strategically market U.S. equipment in Vietnam, given their desire to explore new technologies.
4 Geographically, there are two major medical equipment markets in Vietnam: Hanoi and Ho Chi Minh City, which together represent 80 percent of the entire market. Although Ho Chi Minh City has a larger population and more medical centers, Hanoi has the largest share of purchase contracts. The Ministry of Health (MOH) based in Hanoi is often the decision-maker for large projects. The MOH generally requires purchasing new equipment made in G-8 countries and advanced equipment made in the United States. Market Access Since 1996, imports of medical equipment enjoy a low import tax and have no quota restrictions. However, the MOH requires that imports of medical equipment in Vietnam go through a trading company that has an import license issued by the Ministry of Trade. Presently, only domestic businesses and foreign invested enterprises licensed to manufacture medical devices in Vietnam can import and export such products. According to the Government s Decree 89/CP dated December 12, 1995, and Circular 05/2000/TT- BTM dated February 21, 2001, each year the MOH, in consultation with the Ministry of Trade, issues a list of imported equipment that must be registered and approved by the Ministry of Health. The current list includes the following products: CT scanners and gamma scanners; cobalt and accelerator equipment; simulator equipment; magnetic resonance equipment; blood filter/sterilizing equipment; ultra-sound color doppler equipment; x-ray equipment; emergency/recovery equipment; laboratory equipment; and specialty equipment (e.g., obstetrics, pediatric, optical and sterilizing equipment). Most imports of used and refurbished medical equipment are strictly controlled by the MOH. Decision 2019/1997/QD-BKHCNMT dated December 1, 1997, stipulates that the Ministry of Science, Technology, and Environment (MOSTE) must inspect and certify all imports of used medical equipment. Such used medical equipment must retain at least 80 percent of its life expectancy and must have fuel or electricity consumption ratings that do not exceed 110 percent of the consumption of newer versions of the equipment. The import tax for medical equipment is low, generally ranging from zero to five percent, but the imported equipment is subject to a general value added tax (VAT) imposed on most goods and services consumed in Vietnam. The standard VAT rate for medical equipment is five percent and ten percent for spare parts. Under current Vietnamese law, the MOH or the appropriate provincial department of health is responsible for processing and responding to the overall application for registration. If approved, the resulting license is valid for two years. Most private companies and local state owned companies are familiar with registration process and can handle applications easily. Ministry of Health contact: 138 Giang Vo St. Ba Dinh Hanoi, Vietnam Tel:(84)
5 Fax: (84) Website: Only Vietnamese companies are eligible to distribute medical equipment in Vietnam. Foreign suppliers sell their products through local distributors or agents. The agents provide immediate access to an established marketing network and in-depth knowledge about pertinent regulations. Buyers and end-users expect a local representative to handle after-sales service and stock spare parts. It is essential that U.S. companies seeking to import and market medical equipment in Vietnam have a local partner with strong technical skills and good connections with the MOH, hospitals and other healthcare facilities. In medical institutions, there is usually a medical equipment procurement division that dictates the technical requirements for the desired equipment and then monitors the procurement process. According to the Government Decree 88/1999/ND-CP dated Sept. 1, 1999, hospital officials have the authority to buy directly equipment valued under USD $8,000. Above USD $8,000, the procurement has to go through a public tender. Funding Sources According to the MOH, from 2005 to 2010, the government is projected to spend USD $1.8 billion for building 57 new hospitals, in which over USD $1 billion will be spent on medical equipment. In addition, the MOH has launched an ambitious strategy to develop three hi-tech centers nationwide and increase the number of skilled and well-trained medical personnel. In 2005, the Vietnamese Government plans to spend USD $33 million on healthcare, a 24 percent increase over 2004 spending levels in the healthcare sector. Additionally, the Vietnamese Government will provide USD $23.9 million to develop new infrastructure and modernize district clinics nationwide. Foreign aid and loans will be used to upgrade provincial hospitals, district clinics and communal health centers, as well as fund epidemic prevention drives and medical check-ups for the poor. The MOH is also preparing to contribute corresponding capital to 25 foreign-assisted projects slated for Those projects address safe blood transfusion, HIV/AIDS prevention and care, upgrade central hospitals in the city of Hue, healthcare for people in the Central Highlands and poor people in the mountainous northern provinces. From now until 2020, Ho Chi Minh City (HCMC) alone will spend USD $900 million to develop the municipal medical sector, mainly for building new clinics. The HCMC Service of Health has submitted to the city government a master plan to build and upgrade 41 public hospitals and 28 private hospitals. HCMC will cover part of the investment, borrow from local and foreign lenders, as well as invite investors to participate in the sector. By 2020, numerous new medical centers and hospitals will be built, and many hospitals will be relocated to outlying districts. New facilities to be built include the Preventive Medical, Testing and AIDS Research Centers, the Blood Transfusion and Hematology Center, and the second Traumatology and Orthopedics Hospital. In addition, other projects include a hi-tech medical center in Binh Chanh District, a medical commercial center, a medical equipment factory, and clinics at districts.
6 These projects offer export opportunities to U.S. medical equipment suppliers, architects, and consultancy and training services providers. Upcoming Trade Shows U.S. exporters are encouraged to take part in exhibitions of medical equipment to showcase their products to the market. One of the largest in Vietnam is the annual International Medical & Pharmaceutical Trade Fair detailed below: TYPE: International Medical & Pharmaceutical Trade Fair VENUE: Ho Chi Minh International Exhibition & Convention Centre (HIECC) 446 Hoang Van Thu Street, Tan Binh Dist., Ho Chi Minh City, Vietnam DATE: 4 days - Wed. 7 th to Sat. 10 th Sep., 2005 EDITION: 5 th annual SECTORS: Pharmaceuticals, Medicine Materials, Oriental Traditional Medicine. Chemistry: Biochemical, Hematological Technical Medical Equipment, Medical Instruments. Nuclear Chemistry and Pharmaceutical Chemistries Dental and Surgical Instruments Laboratory Technology Emergency Services Diagnostics; Orthopedics; Surgery supplies Hospital Supplies; Hospital equipment Interior Decoration; Office Organization Disinfections; Cleaning Technology Disposal Textiles; Building Engineering
Sector briefing Healthcare Opportunities in Vietnam
Sector briefing Healthcare Opportunities in Vietnam Why Vietnam? Vietnam has a growing population of 87 million, and it is the 13rd most populous country in the world. Over the past decade, Vietnam has
More informationVietnam HIT Case Study
center for health and aging Health Information Technology and Policy Lab Pham Thi Mai Huong, IT Engineer, Department of General Planning, Vietnam National Hospital of Pediatrics Vo Thi Kim Hue, Head, Department
More informationEx-Ante Evaluation (for Japanese ODA Loan)
Japanese ODA Loan Ex-Ante Evaluation (for Japanese ODA Loan) 1.Name of the Project Country: Socialist Republic of Viet Nam Project: Regional and Provincial Hospital Development Project (II). Loan Agreement:
More informationFinal report. 26-28 November 2014 West hall 1 2 + Atrium Tokyo Big Sight, Japan
Final report 26-28 November 2014 West hall 1 2 + Atrium Tokyo Big Sight, Japan Outline of the fair Title IFFT/Interior Lifestyle Living Period 26-28 (Wed - Fri) November 2014 10:00-18:00 (last day until
More informationLEGAL ASPECTS OF THE HEALTH CARE SYSTEM
SINGAPORE BANGKOK HO CHI MINH CITY ATTORNEYS AT LAW VIETNAM LEGAL ASPECTS OF THE HEALTH CARE SYSTEM 1 st EDITION 2010 VIETNAM LEGAL ASPECTS OF THE HEALTH CARE SYSTEM DR. ANDREAS RESPONDEK, LL.M. MS. TRAN
More informationJordan: Health Technology and Medical Devices
Page 1 of 6 Jordan: Health Technology and Medical Devices Muna Farkouh September 12 Summary Medical Tourism 10% of Jordan s GDP Total imports $74 million US imports market share 30% Number of Arab and
More informationHealth Care Systems: An International Comparison. Strategic Policy and Research Intergovernmental Affairs May 2001
Health Care Systems: An International Comparison Strategic Policy and Research Intergovernmental Affairs May 21 1 Most industrialized countries have established hybrid systems in which the public sector,
More informationMANAGERIAL GUIDELINES FOR MARKET PENETRATION AND EXPANSION: A CASE STUDY OF A MEDICAL DEVICES MANUFACTURER
MANAGERIAL GUIDELINES FOR MARKET PENETRATION AND EXPANSION: A CASE STUDY OF A MEDICAL DEVICES MANUFACTURER Juppa, V. This article brings managerial guidelines for new market expansion and current market
More informationHow To Understand The Market For Telecommunications In Vietnam
Vietnam Market for Telecommunications Equipment and Services By U.S. Commercial Service Vietnam June 2014 Overview 2012 2013 2014 2015 (estimated) (estimated) Total Market Size 4,600 5,000 5,750 6,600
More informationSpain: Medical equipment and healthcare technology sector
Spain: Medical equipment and healthcare technology sector ICEX sector reports one two three four five six Sector definition Spanish sector overview Foreign trade Leading companies Trade fairs Useful addresses
More informationMedical Devices: An Introduction to the Regulatory Regime in China and Options for Foreign Investors in the Medical Device Sector
Medical Devices: An Introduction to the Regulatory Regime in China and Options for Foreign Investors in the Medical Device Sector September 16 2011 Strategic alliance with McDermott Will & Emery Boston
More informationVietnam Healthcare - The Next Growth Frontier?
Vietnam Healthcare - The Next Growth Frontier? by V.K. Sanjeed In April 2008, Vietnam s Ministry of Health announced plans to revamp the country s healthcare infrastructure. The system was starved of funds
More informationOVERVIEW OF VIETNAMESE SECURITIES MARKETS
OVERVIEW OF VIETNAMESE SECURITIES MARKETS MR. HOANG PHU CUONG D E P U T Y D I R E C TO R - S E C U R I T I E S B U S I N E S S M A N A G E M E N T DEPA RT M E N T S TAT E S E C U R I T I E S C O M M I
More informationSpecial Feature: Growth Model of an Agile Company
Special Feature: Growth Model of an Agile Company 15 Sysmex s Global Strategy From the time of its establishment, Sysmex has followed a steady growth trajectory, and the Group now provides products and
More informationManagement Policies of Nippon Express. March 2007
Management Policies of Nippon Express March 2007 1. Our Group's Business Framework 1. Our Group's Business Framework Nippon Express Group Overseas Japan Asia-Oceania Europe Americas Domestic transport
More informationInternational Franchise & Business Opportunities May 28, 2014. VCI Legal Award-winning expertise with practical insights
International Franchise & Business Opportunities May 28, 2014 VCI Legal Award-winning expertise with practical insights Tuan A. PHUNG Esq. Managing Partner VCI Legal Hon. General Consul Finnish Consulate
More informationHospital Co-location, Bloemfontein, South Africa
1 Hospital Co-location, Bloemfontein, South Africa P R O J E C T S U M M A R Y The Republic of South Africa has a population of 48 million people living in nine provinces. Since the abolition of apartheid
More informationTPP#NEGOTIATION## OPPORTUNITIES#AND#CHALLENGES#FOR# VIETNAM#TEXTILE#&#APPAREL#INDUSTRY#
TPP#NEGOTIATION## OPPORTUNITIES#AND#CHALLENGES#FOR# VIETNAM#TEXTILE#&#APPAREL#INDUSTRY# Vietnam Textile & Apparel Association Hanoi, March 2013 INDUSTRY INTRODUCTION ROLE OF T&A INDUSTRY IN VIETNAM INTEGRATING
More informationTime to strengthen economic relations between China and Italy
Time to strengthen economic relations between China and Italy Marco Ranieri CIRPET - Research Centre on Transition and Developing Countries Department of Economics - University of Turin (Italy) Contents
More informationChallenge of FUJIFILM in Medical ICT
Challenge of FUJIFILM in Medical ICT Sep.10, 2014 FORWARD-LOOKING STATEMENTS Forward-looking statements, such as those relating to earnings forecasts and other projections contained in this material, are
More informationSCIENCE AND TECHNOLOGY DEVELOPMENT IN VIETNAM AND INTERNATIONAL COOPERATION POLICY
SCIENCE AND TECHNOLOGY DEVELOPMENT IN VIETNAM AND INTERNATIONAL COOPERATION POLICY Dang Bao Ha Centre for Information Analysis National Agency for Science and Technology Information - NASATI 24 Ly Thuong
More informationEXPERT MEETING on. Geneva, 24-25 September 2007. Foreign Direct Investment in Vietnam. Ms. Le Hai Van
EXPERT MEETING on COMPARING BEST PRACTICES FOR CREATING AN ENVIRONMENT CONDUCIVE TO MAXIMIZING DEVELOPMENT BENEFITS, ECONOMIC GROWTH AND INVESTMENT IN DEVELOPING COUNTRIES AND COUNTRIES WITH ECONOMIES
More informationSOCIALIST REPUBLIC OF VIETNAM Independence Freedom Happiness --------------- No.: 65/2013/TT-BTC Hanoi, May 17, 2013 CIRCULAR
THE MINISTRY OF FINANCE ------- SOCIALIST REPUBLIC OF VIETNAM Independence Freedom Happiness --------------- No.: 65/2013/TT-BTC Hanoi, May 17, 2013 CIRCULAR AMENDING AND SUPPLEMENTING THE CIRCULAR NO.
More informationForeign Trade Vademecum. 2012 Edition. osec.ch
Foreign Trade Vademecum. 2012 Edition. osec.ch Table of contents. Swiss economic key figures 3 Global view 4 Worldwide export development by region 4 Worldwide largest exporters 4 Worldwide import development
More information商 业 计 划 书 BUSINESS PLAN PROPOSAL
商 业 计 划 书 BUSINESS PLAN PROPOSAL 关 于 国 际 服 装 服 饰 品 牌 引 进 及 推 广 商 业 计 划 书 International Fashion & Accessories Brands Introduction and Promotion Business Plan Proposal 大 连 东 北 亚 国 际 品 牌 商 品 交 易 中 心 Dalian
More informationNational and International Business and Tax Law. Successful investing in Vietnam Massmann s investment guide in Vietnam. 1 st Book THE BASICS
Should you be interested in the whole edition of the Investment Guide Book 1, please contact me any time. OMassmann@duanemorris.com National and International Business and Tax Law Successful investing
More informationInvestment Opportunities in Algeria - Private Hospital System of Medical and Hospitality
PROJECT DATA SHEET 1 Project Title : PRIVATE MEDICAL AND SURGICAL CLINIC Project code 2012/10 Project description: It is the creation of a private hospital of 46 beds, to strengthen capacities and to submit
More informationMonthly Newsletter - August 2015
- This e-newsletter facilitated by Crowe Horwath Vietnam serves as a knowledge sharing tool with the main purpose of information exchange and dissemination. This e-newsletter benefits the readers by keeping
More informationBLOEMFONTEIN, SOUTH AFRICA. Case Study (Healthcare) Project Summary:
BLOEMFONTEIN, SOUTH AFRICA Case Study (Healthcare) Project Summary: The Republic of South Africa has a population of 48 million people, living in nine provinces. Since the abolition of apartheid in the
More informationThermo Scientific LIFECYCLE Asset & Service Management for Healthcare
Thermo Scientific LIFECYCLE Asset & Service Management for Healthcare HEALTHCARE SUPPLYSIDE SOLUTIONS Focused on your unique needs for managing assets, costs, and suppliers Part of Thermo Fisher Scientific
More informationWESTERN PACIFIC REGION NURSING AND MIDWIFERY DATABANK
WESTERN PACIFIC REGION NURSING AND MIDWIFERY DATABANK COUNTRY: 1. Historical events in nursing and midwifery (milestones in the development of nursing and midwifery) 1946 Rural Health was set up and training
More informationExecutive Summary 13. Estimated worldwide annual supply of industrial robots
Executive Summary 13 Executive Summary 1. World Robotics 2015 Industrial Robots 2. World Robotics 2015 Service Robots 1. World Robotics 2015 Industrial Robots 2014: By far the highest volume ever recorded
More informationMINISTER OF HEALTH. No: 4012/2003/QD BYT SOCIALIST REPUBLIC OF VIETNAM Independence Freedom Happiness Hanoi, 30 May 2007 2003 DECISION
MINISTRY OF HEALTH No: 4012/2003/QD BYT SOCIALIST REPUBLIC OF VIETNAM Independence Freedom Happiness Hanoi, 30 May 2007 2003 DECISION MINISTER OF HEALTH Promulgating regulations on registration of vaccines,
More informationGLOBAL EDUCATION PROGRAM
GLOBAL EDUCATION PROGRAM RUSSIAN FEDERATION GOVERNMENT-SPONSORED PROGRAM THAT OFFERS RUSSIAN CITIZENS AN OPPORTUNITY TO STUDY AT LEADING FOREIGN UNIVERSITIES REGULATIONS: ABOUT GEP http://educationglobal.ru/o_programme/
More informationBusiness Challenges Over the Past 40 Years
Special Feature 2: Business Challenges Over the Past 40 Years Sysmex started operating in 1968 to sell hematology analyzers manufactured by TOA Electric Co., Ltd. (now TOA Corporation). Sysmex has faced
More informationHONG KONG RIGHT PLACE RIGHT TIME RIGHT NOW
HONG KONG RIGHT PLACE RIGHT TIME RIGHT NOW European Investment in China via Hong Kong Charles Ng Associate Director-General of Investment Promotion 22 May 2012 Agenda Changing Trends in the type of companies
More informationList of Medical Facilities/Practitioners in Ho Chi Minh City
List of Medical Facilities/Practitioners in Ho Chi Minh City Updated: Jan 2015 Prepared by British Consulate-General in Ho Chi Minh City www.gov.uk The following list of medical facilities/practitioners
More informationREPORT OF THE CHIEF EXECUTIVE OFFICER
On behalf of the Board of Directors, I present to you the Group s annual report for the year ended 31st December 2003. RESULTS For the financial year under review, the turnover of the Group decreased by
More informationHo Chi Minh City High Technology Association. June, 2015 Dr. Dao Ha Trung- President of the High Technology Association trung.dao@hitecha.
Ho Chi Minh City High Technology Association June, 2015 Dr. Dao Ha Trung- President of the High Technology Association trung.dao@hitecha.org Background Vietnam is a developing country with 92 million inhabitants
More informationMachinery and equipment manufacturing in China
Machinery and equipment manufacturing in China Focal point: NBSO Dalian The layout of the global equipment manufacturing industry is changing fast. Production capacity relocates from developed countries
More informationQ4 2015 MARKET INSIGHTS OFFICE SECTOR HO CHI MINH CITY
215 MARKET INSIGHTS OFFICE SECTOR In 215, Vietnam has benefited from stability in the macroeconomic Gross Domestic Product (GDP) in 215 increased 7.1% year on year (y-o-y), bringing the overall GDP growth
More informationCorporate Profile. www.fairmontmedical.com.au
Corporate Profile www.fairmontmedical.com.au Fairmont Medical Products is an Australian owned company with a domestic and international reputation for innovative surgical and critical care devices. Headed
More informationWORLD ROBOTICS 2006 EXECUTIVE SUMMARY
2005 World Robot Market Total world-wide sales: 126,700 units, up 30% on 2004 EXECUTIVE SUMMARY World total stock of operational industrial robots: 923,000 units, 9% greater than 2004 World market surged
More informationAccident and Health Insurance Market Overview and Claims Handling Experience in Cambodia. Chea Samnang - ANZIIF (Associate) C.I.
Accident and Health Insurance Market Overview and Claims Handling Experience in Cambodia Chea Samnang - ANZIIF (Associate) C.I.P 13 March 2015 Agenda 1. Market statistics 2009 2014 2. Types of policies
More information!"#!$!%&'$ #()*+,+)-+$#'..$ /+01+23+,$456$4787$
!"#!$!%&'$ #()*+,+)-+$#'..$ /+01+23+,$456$4787$ !9+):'$ ;&,2$")1,(:$!;?$@+)1
More informationThe Determinants of Global Factoring By Leora Klapper
The Determinants of Global Factoring By Leora Klapper Factoring services can be traced historically to Roman times. Closer to our own era, factors arose in England as early as the thirteenth century, as
More informationBest Timing for Year-end Sales Season!
GUIDE TO EXHIBIT Best Timing for Year-end Sales Season! Dates September 8(Mon) 3(Wed), 5 Venue Organiser Sunshine City Convention Center (Ikebukuro, Tokyo) Reed Exhibitions Japan Ltd. www.ijt.jp/en/autumn/
More informationOVERVIEW OF CURRENT STATUS OF STEM CELL TRANSPLANTATION IN VIETNAM
Ministry Of Health National Institute of Hematology and Blood Transfusion OVERVIEW OF CURRENT STATUS OF STEM CELL TRANSPLANTATION IN VIETNAM Prof. Nguyen Anh Tri MD., PhD., Director of NIHBT (Vietnam)
More informationLIST OF HOSPITALS/FAMILY MEDICAL CENTRES Last updated: October 2014 ORGANISATION ADDRESS REMARKS
LIST OF HOSPITALS/FAMILY MEDICAL CENTRES Last updated: October 2014 Please note that this list is provided for the information of Australian travellers and those needing medical assistance in Vietnam.
More informationOverview of Asian Insurance Markets
Overview of Asian Insurance Markets Simon Walpole Session Number: TPS2 Joint IACA, IAAHS and PBSS Colloquium in Hong Kong www.actuaries.org/hongkong2012/ Market Ranking in Asia Notes: 1. Colored boxes
More informationIMB Institute of Management Berlin. Master Financial and Managerial Accounting
IMB Institute of Management Berlin Master Financial and Managerial Financial and Managerial Cooperating Institutions The Master in Financial and Managerial offered by the IMB Institute of Management Berlin
More informationChina is getting healthy- What s in for me?
Austria Connect 19.09.2009 China is getting healthy- What s in for me? VAMED Group in China Chronology 1988 1996 Rep. Office Founding in China 33 Hospitals Project MoH 2002 First projects with German Soft
More informationE-commerce liberalization in China: State Council and MIIT push forward
E-commerce liberalization in China: State Council and MIIT push forward Contents State Council orders government agencies to take liberalization steps 1 JUNE [ MIIT removes foreign ownership restrictions
More informationNewly Enacted Housing Law and Real Estate Business Law Relaxes Foreigner s House Ownership Restriction
Corporate Dispute Resolution Financial Services Intellectual Property Real Estate & Infrastructure Newly Enacted Housing Law and Real Estate Business Law Relaxes Foreigner s House Ownership Restriction
More informationTMA NEWS INDUSTRY NEWS. TMA 17th Anniversary. TMA Parents Day 2014. TMA Open Day. Healthcare Analytics Seminar. New Websites Launched
TMA 17th Anniversary TMA Parents Day 2014 TMA Open Day Healthcare Analytics Seminar New Websites Launched New Service: IT Managed Services New Service: Visual Design 2 3 4 4 5 5 5 INDUSTRY NEWS Samsung
More informationProject for Promotion of Computer Systems at National Railway Management College
China Project for Promotion of Computer Systems at National Railway Management College Project Sites Beijing 1. Background of Project From the late 1980s, the Chinese railroad system developed very quickly,
More informationMALAYSIA S GOVERNMENT PROCUREMENT REGIME
MALAYSIA S GOVERNMENT PROCUREMENT REGIME 1. INTRODUCTION The prime objective of the Malaysian Government procurement is to support Government programmes by obtaining value for money through acquisition
More informationNATIONAL ACADEMY OF PUBLIC ADMINISTRATION LÊ VĂN TỪ
MINISTRY OF EDUCATION AND TRAINING MINISTRY OF HOME AFFAIRS NATIONAL ACADEMY OF PUBLIC ADMINISTRATION LÊ VĂN TỪ STATE MANAGEMENT OF SOCIALISATION OF FOREST PROTECTION AND DEVELOPMENT IN THE CENTRAL HIGHLANDS
More informationJAPAN IN THE SHADOW OF CHINA?
JAPAN IN THE SHADOW OF CHINA? Mattias Bergman Vice President Swedish Trade Council IFN 13 august AGENDA How important is Japan today? What is changing? Areas with special interest for Swedish companies
More informationCONTRACT FOR OPENING A SECURITIES TRADING ACCOUNT
CONTRACT FOR OPENING A SECURITIES TRADING ACCOUNT No. :. This contract is entered into on./.2013 in Ho Chi Minh City, Vietnam, by and between: 1..Ltd (hereinafter referred as to the Client ) - Registered
More informationApplication Form Main Exhibitor
Application Form Main Exhibitor Please complete in full and return by mail or register online at /application Start of space allocation: April 13, 2015 info@analytica.de, Phone +49 89 949-20381, Fax +49
More informationISO and health. Great things happen when the world agrees.
ISO and health Great things happen when the world agrees. We are ISO, the International Organization for Standardization 162 * members 21 133 * International Standards We are a private, non-governmental,
More informationBe part of the leading medical trade fairs!
Be part of the leading ZDRAVOOKHRANENIYE MEDIZ SPB MEDICAL FAIR MEDICA MEDICAL WORLD AMERICAS CHINA MED MEDICAL FAIR THAILAND HOSPITALAR MEDICAL FAIR INDIA MEDICAL FAIR INDIA MEDICAL FAIR ASIA www.world-of-medica.com
More informationThis is GE Healthcare
This is GE Healthcare An Overview Imagination at work Last updated July 2014 General Electric: A heritage of innovation Founded by Thomas Edison in 1878 Only company from the original 1896 Dow Jones index
More informationPantheon. www.pantheonhg.com. Welcome under our roof. Healthcare Group
Pantheon Healthcare Group Welcome under our roof. www.pantheonhg.com We differentiate ourselves from our competitors as a service-first company, which is unique to the European market. Our research and
More informationJoint Press Release 6 November 2013
Joint Press Release 6 November 2013 TAIHEI Kogyo Co., Ltd (Manufacturer of DENTALPRO products, Japan) DENTALPRO Co., Ltd (Japan Sales Office, Japan) JACKS BS SINGAPORE Pte Ltd (Regional Sales Office, Singapore)
More informationHealthcare Reform: Opportunity for Public-Private-Partnership
Healthcare Reform: Opportunity for Public-Private-Partnership Sam Yeung Munich Re Session Number: MBR7 Joint IACA, IAAHS and PBSS Colloquium in Hong Kong www.actuaries.org/hongkong2012/ HEALTHCARE REFORM:
More informationChicago s Business Climate
Chicago s Business Climate Home to an unrivaled economy, workforce, and quality of life, Chicago is a thriving metropolis, yet a tight-knit community for business and residents. The city s dynamic character
More informationWelcome to the Meaningful Use and Data Analytics PowerPoint presentation in the Data Analytics Toolkit. In this presentation, you will be introduced
Welcome to the Meaningful Use and Data Analytics PowerPoint presentation in the Data Analytics Toolkit. In this presentation, you will be introduced to meaningful use and the role of data analytics in
More information1.1 The State Securities Commission (SSC) The SSC is the official regulator of the stock exchange, and is overseen by the Ministry of Finance (MOF).
The Securities Market in Vietnam 14 March 2007 This article is an introduction to the legal framework that governs the securities market in Vietnam, in particular public offers, listing, public companies
More informationLINKING GREEN SUPPLY CHAIN AND GREEN PROCUREMENT in. Abstract
LINKING GREEN SUPPLY CHAIN AND GREEN PROCUREMENT in Hiroyuki SATO Secretary General, Green Purchasing Network (GPN) 5-53-67 Jingumae, Shibuya-ku, Tokyo, Japan (Postal code: 150-0001) Tel: +81-3-3406-5155
More informationManagement s Discussion and Analysis
Management s Discussion and Analysis 64 Financial Policy Sysmex regards increasing its market capitalization to maximize corporate value as an important management objective and pays careful attention
More informationSnapshot Report on Russia s Healthcare Infrastructure Industry
Snapshot Report on Russia s Healthcare Infrastructure Industry According to UK Trade & Investment report, Russia will spend US$ 15bn in next 2 years to modernize its healthcare system. (Source: UK Trade
More informationMANITOBA PATIENT SERVICE CENTRE STANDARDS
MANITOBA PATIENT SERVICE CENTRE STANDARDS February 2015 INTRODUCTION These Standards are derived from Z316.7-12 and are approved by the Council of the College of Physicians and Surgeons of Manitoba. These
More informationPERCEPTIONS OF GLOBAL BUYERS: THE ASIAN WOOD FURNITURE EXAMPLE. ILO Presentation to Handicraft Exporters / Producers (July 2003)
PERCEPTIONS OF GLOBAL BUYERS: THE ASIAN WOOD FURNITURE EXAMPLE ILO Presentation to Handicraft Exporters / Producers (July 23) Objectives: WHY global buyers perceptions matter Vietnamese wood furniture
More informationCS Market Research The Dental Equipment Market Overview in China By Shuyu Sun, Seth Pierrepont September 20, 2005
CS Market Research The Dental Equipment Market Overview in China By Shuyu Sun, Seth Pierrepont September 20, 2005 Summary There has always been a shortage of manpower, materials and financial resources
More informationHitachi Healthcare Company - Our Strategy and Opportunities -
Innovative collaboration for better healthcare [Session III: Some tools for the future healthcare system] Hitachi Healthcare Company - Our Strategy and Opportunities - Masahiro Kitano Senior Vice President
More informationCIRCULAR GUIDING THE EXECUTING OF TAX LIABILITY APPLICABLE TO FOREIGN ORGANIZATIONS, INDIVIDUALS DOING BUSINESS OR EARNING INCOMES IN VIETNAM
THE MINISTRY OF FINANCE -------- SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness --------------- No. 60/2012/TT-BTC Hanoi, April 12, 2012 CIRCULAR GUIDING THE EXECUTING OF TAX LIABILITY
More informationCanada. Overall Rank. Lighting. Insulation HVACR. Wood. Glass. Plumbing. Doors & Windows
Canada Canada ranks first among top export markets for U.S. building product manufacturers due to its proximity, duty-free status under NAFTA, relative lack of non-tariff trade barriers, and ease of commercial
More informationHealthcare Company. Business Strategy
Panasonic IR Day 2012 Healthcare Company Business Strategy May 23, 2012 Panasonic Corporation Healthcare Company President Kenji Yamane Notes: 1. This is an English translation from the original presentation
More informationHealthcare Sector Development: Russia s Top Priority. Miguel Hernandez Commercial Officer U.S. Commercial Service U.S. Embassy Moscow 2014
Healthcare Sector Development: Russia s Top Priority Miguel Hernandez Commercial Officer U.S. Commercial Service U.S. Embassy Moscow 2014 Russia - Advantages The consumer boom has ended but growth should
More informationChapter 9 Exporting Services
Chapter 9 Exporting Services In this chapter... Role of the service sector in the United States and in world economies Differences between service and product exporting Places where service exporters can
More informationHow to apply for Medical Device License in Taiwan
How to apply for Medical Device License in Taiwan According to Pharmaceutical Affairs Act (PAA), all medical devices regardless their classification shall apply for Medical Device License before they are
More informationMedical Technologies Market in Turkey
U.S. Commercial Service Medical Technologies Market in Turkey Brief Market Report Prepared by Ebru Olcay, Medical Sector Specialist Turkey: Medical Technologies and Healthcare Market and What Is The Size
More informationU.S. Bureau of Labor Statistics. Radiology Tech
From the: U.S. Bureau of Labor Statistics Radiology Tech What They Do Radiologic technologists (RTs) perform diagnostic imaging examinations, such as x rays, on patients. Duties RTs typically do the following:
More informationMedical Waste Management Issues in Asia
Medical Waste Management Issues in Asia C. Visvanathan Environmental Engineering & Management Program Asian Institute of Technology Thailand 1 visu@ait.ac.th Web: http://www.faculty.ait.ac.th/visu/ Asia
More informationMINISTRY OF FINANCE SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom Happiness ---------------- No. 39/2014/TT-BTC Hanoi, March 31, 2014
MINISTRY OF FINANCE SOCIALIST REPUBLIC OF VIET NAM -------- Independence - Freedom Happiness ---------------- No. 39/2014/TT-BTC Hanoi, March 31, 2014 CIRCULAR GUIDELINES FOR THE GOVERNMENT'S DECREE NO.
More informationMaximizing Your Success In The Canadian Market
Maximizing Your Success In The Canadian Market Rosanna Masucci U.S. Department of Commerce Claire McLeveighn Empire State Development John DeLuca Liberty Pumps Export Promotion Services from the USDOC
More informationBusiness Credit Report
Business Credit Report 18/06/2012 Spett.le cliente alfa xxxxxxx Commercial Trading (Shanghai) Co., Ltd. GTM Reference No. G120614223 Currency in this report is Chinese Yuan unless otherwise stated. Exchange
More informationMeeting the challenges with SCP solutions Protecting the forests by working through the supply chain
Meeting the challenges with SCP solutions Protecting the forests by working through the supply chain Presented by: Wei Zhao Team Leader, SWITCH-Asia Network Facility UNEP / Wuppertal Institute collaborating
More informationWaste Management in Vietnam Potential for power generation
Waste Management in Vietnam Potential for power generation Nguyen Thanh Lam Head of non-hazardous waste management division Waste Management and Environment Improvement Department www.renewables-made-in-germany.com
More informationGLOBAL EDUCATION PROGRAM
GLOBAL EDUCATION PROGRAM RUSSIAN GOVERNMENT-SPONSORED SCHOLARSHIP PROGRAM THAT OFFERS RUSSIAN CITIZENS AN OPPORTUNITY TO STUDY AT LEADING FOREIGN UNIVERSITIES КSENIA IVANENKO REGULATIONS: ABOUT GEP http://educationglobal.ru/o_programme/
More informationIndustry Dynamics and Competitive Landscape in the Vietnamese Non-Life Insurance Industry to 2016: Market Profile
Brochure More information from http://www.researchandmarkets.com/reports/2104740/ Industry Dynamics and Competitive Landscape in the Vietnamese Non-Life Insurance Industry to 2016: Market Profile Description:
More informationAt the 2003 FNCA Workshop on Human Resources Development in the Nuclear Field
COUNTRY REPORT OF VIETNAM At the 2003 FNCA Workshop on Human Resources Development in the Nuclear Field 8 10 October 2003, Bangkok, Thailand by Vu Dang Ninh Vietnam Atomic Energy Commission I. Recent Topics
More informationAn overview of using Hong Kong as a platform for trade and investment with China. Daniel Booth Director Vistra (Hong Kong)
An overview of using Hong Kong as a platform for trade and investment with China Daniel Booth Director Vistra (Hong Kong) Breda May, 2012 The role of Hong Kong A recognized and respected jurisdiction for
More informationClinical and Laboratory Practices Workshops. Helping to improve laboratory skills and the quality of care in resource-limited settings
Clinical and Laboratory Practices Workshops Helping to improve laboratory skills and the quality of care in resource-limited settings BD is committed to collaborating with governmental and non-governmental
More informationSocial Health Insurance in Viet Nam
Social Health Insurance in Viet Nam Nghiem Tran Dung Health Insurance Dept, Ministry of Health Ha Noi,, 12 Oct. 2010 1 Outline of presentation Background information Development (summary) of SHI in Viet
More informationCEPA YOUR SPRINGBOARD TO CHINA
CEPA YOUR SPRINGBOARD TO CHINA CLOSER ECONOMIC PARTNERSHIP ARRANGEMENT WHAT IS CEPA? A free trade agreement between Hong Kong and mainland China Effective from 1 January 2004 Preferential access to China
More informationWind energy in Vietnam: Business opportunities
Wind energy in Vietnam: Business opportunities Agenda 1. Forms of investment 2. Present wind power developers 3. Investment procedure 4. Available service suppliers 5. Barriers to wind energy development
More informationCircular Push-Pull Connector
Circular Push-Pull Connector INTRODUCTION Engineering Division Printed Circuit Board Division Component Division Green Technologies Division - PCB Layout Routing Services Library Services - Mechanical
More information